Canadian Government announces support for Rapid Housing in Toronto!

Everybody deserves a perfect housing and shelter facility. With an aim to ensure this dream Canadian Government has announced their support for rapid housing in Toronto.

According to the latest reports, the governments of Canada and Ontario are collaborating to deliver new affordable rental housing units in Brantford. The $200,000 in funding will be delivered through the Ontario Priorities Housing Initiative (OPHI) and will ensure more people have access to stable, affordable housing in their community.

The announcement was made by Adam Vaughan, Member of Parliament for Spadina – Fort York and Parliamentary Secretary to the Minister of Families, Children and Social Development, on behalf of the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with Will Bouma, Member of Provincial Parliament for Brantford-Brant, on behalf of the Honourable Steve Clark, Ontario’s Minister of Municipal Affairs and Housing.

“Our Government is taking all the necessary steps to ensure that every Canadian has a safe and affordable place to call home. Our investments with our municipal partners like the City of Toronto will go a long way to effectively support those who need it most by quickly providing new affordable housing units to vulnerable individuals and families. Our Government’s plan under the National Housing Strategy continues to provide housing for Canadians from coast to coast to coast, including here in Toronto.” – announced the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation

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As per the details of the announcement $203.3 million Rapid Housing Initiative allocation is granted for Toronto. As part of its Investment Plan for the Major Cities Stream, Toronto will be undertaking seven projects to create approximately 540 new affordable homes. These new homes will be prioritized for people experiencing homelessness and the City has committed to allocate 20% of the homes to Indigenous communities and an additional 20% to women and girls. Other units will support seniors, youth and racialized communities.

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Delivered by CMHC, under the National Housing Strategy (NHS), RHI provides the necessary capital contributions to develop new, permanent affordable housing by covering costs associated with modular multi-unit rental construction; conversion of non-residential to affordable multi-residential; and, rehabilitation of buildings in disrepair and/or abandoned to affordable multi-residential.Also, with the $1 billion RHI, the Government of Canada will support the construction of up to 3,000 permanent, new affordable housing units across Canada to help address urgent housing needs for Canadians, especially our most vulnerable.

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